FNBC Debt Offering Tops $7.2M

FNBC Debt Offering Tops $7.2M

The parent company of Ash Flat’s FNBC Bank completed its second $7.25 million subordinated debt offering late last year. FNBC Bancorp Inc. accomplished the first offering back in 2019, which largely was used to provide additional capital for its bank. Of those funds, $6.1 million flowed into the coffers of FNBC Bank during the fourth quarter of 2019. What are the plans for the latest subordinated debt offering? Two of the bank’s top executives, …